Kevin Warsh hearing takeaways: Trump Fed chair nominee defends finances, says president never demanded rate cuts

Kevin Warsh, the 56-year-old former Federal Reserve governor, was in the hot seat for his Senate Banking Committee confirmation hearing and said his Fed would be independent from the White House. Warsh fielded questions on issues ranging from his views on monetary policy to his sprawling and complex personal finances to his ties to the Trump White House. He would become the wealthiest Fed chair if confirmed. Questions about the Fed’s long-cherished independence have dominated the discourse surrounding the central bank during President Donald Trump’s second term. Warsh gave a qualified endorsement of Fed independence — but noted he doesn’t...